2021-07-31-accounts - Romanian Orthodox Church For Nottingham & East Midlands (Rocne)

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Charity Name Romanian Orthodox Church for Nottingham & East Midlands (ROCNE)	Charity Name Romanian Orthodox Church for Nottingham & East Midlands (ROCNE)	Charity Name Romanian Orthodox Church for Nottingham & East Midlands (ROCNE)

31/07/2021	Charity no (if any)	CEO13187

(remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/07/2020. Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. My examination included a review of the examiner's statement accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.

I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: I Alexii Date: 31/05/2022 Name: Ionela Alexii Address: 11 Brodwell Grove, Nottingham, NG3 3BB

Address: 11 Brodwell Grove

Oct 2018

IER

Nottingham NG3 3BB IER Oct 2018

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

Oct 2018

IER

Company Registration Number: CEO13187 Registered Charity Number: 1177060

Romanian Orthodox Church for Nottingham & East Midlands (ROCNE) Report and Accounts

For the year ended 31st July 2021

Romanian Orthodox Church for Nottingham & East Midlands (ROCNE) Contents of the Report and Accounts For the year ended 31st July 2021

	Page
Reference and Administrative Information	1
Statement of Trustees' Responsibilities	2
Statement of Financial Activities	3
Balance Sheet	4
Notes to the Accounts	5
Detailed Profit and Loss Account	6

Romanian Orthodox Church for Nottingham & East Midlands (ROCNE) Reference and Administrative Information

Company Registration Number

CEO13187

Registered Charity Number

1177060

Chair of Trustees

Mr Liviu Pop

Trustees

Dr Ovidiu Bagdasar Mr Catalin Constantin Floristeanu Miss Camelia Ilie Mr Alin Petrescu Mr Liviu Pop

Registered Office and Operation Address

15 Inham Circus, Beeston, Nottingham, NG9 4FN

Bankers

National Westminster Bank Plc, University of Nottingham, NG7 2RD

Romanian Orthodox Church for Nottingham & East Midlands (ROCNE) Statement of Trustees' Responsibilities

The trustees have pleasure in presenting their report and accounts for the year ended 31st July 2021

Structure, governance and management

The organisation is a charitable company limited by guarantee, incorporated and registered as a charity on 8th February 2018.

The company was established under a Memorandum of Association which established the objects and powers of the charity and is governed under its Articles of Association.

The chair of trustees, who is the trustee for the purpose of charity law, who served during the year and up to the date of this report is set out on page 1.

Objects

The objects of the charity are:

to provide financial support and governance to maintain a Romanian Orthodox church parish in Nottingham/East Midlands for use by public of the region and elsewhere. This include provision of a place of worship in Nottingham for the Orthodox church community.

Financial review

Total incoming resources for the year amounted to £106,097 (2020 - £45,010), with total resources expended of £53,529 (2020 - £24,714), resulting in net incoming resources of £52,568 (2020 - £20,296).

This report has been prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities (FRS 102), taking advantage of the concessions provided by the SORP for smaller charities, and in accordance with the provisions for small companies under Part 15 of the Companies Act 2006.

The report was approved by the board on 31st May 2022

…………………………………………….. Mr Liviu Pop Chair of Trustees

Romanian Orthodox Church for Nottingham & East Midlands (ROCNE) Statement of Financial Activities (Including Income and Expenditure Account) For the year ended 31st July 2021

Incoming Resources: Regular Donations One-Off Donations Cash Donations Cash Donations Spent Employment Allowance CJRS Grant Resources Expended Cost of generating funds Net Incoming Resources - Net Income for the Year Total Funds at 1st August Total Funds at 31st July	Unrestricted Unrestricted Funds Funds 2021 2020 £ £ 39,721 26,297 26,990 5,687 26,546 11,226 - 200 2,049 - 10,791 1,600 106,097 45,010 (53,529) (24,714) (53,529) (24,714) 52,568 20,296 145,325 125,029 197,893 145,325

Romanian Orthodox Church for Nottingham & East Midlands (ROCNE) Balance Sheet at 31st July 2021

Fixed Assets Property Furniture and fixtures Current assets Prepayments (Note 4) Loan Mrs Ioana Bratu (Note 5) Cash at bank and in hand Net current assets Current Liabilities PAYE Pension Mortgage Interest Mortgage Total Assets Less Current Liabilities: Unrestricted Funds General funds Total Funds	2021 £ 251,643 2,016 253,659 - - 54,335 54,335 307,994 1,316 813 107,972 110,101 197,893 197,893 197,893	2020 £ 251,643 3,819
		255,462 66 3,500 23,886
		27,452
		282,914 400 685 136,504
		137,589
		145,325
		145,325
		145,325

For the year ending 31st July 2021 the company was entitled to exemption from audit under section 477 of The members have not required the company to obtain an audit in accordance with section 476 of the

The trustees acknowledge their responsibilities for:

a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of b) preparing accounts which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of

The financial statements have been prepared in accordance with the provisions of Part 15 of the

Approved by the Board on 31st May 2022 and signed on its behalf by:

…………………………………… Mr Liviu Pop

Chair of Trustees

Romanian Orthodox Church for Nottingham & East Midlands (ROCNE) Notes to the accounts

For the year ended 31st July 2021

1. ACCOUNTING POLICIES

Basis of accounting

The accounts have been prepared under the historical cost convention and in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006 and follow the recommendations in Accounting and Reporting by Charities : Statement of Recommended Practice (SORP FRS 102), taking advantage of the concessions provided by the SORP for smaller charities.

Incoming resources

All incoming resources are included in the Statement of Financial Activities when the charity becomes entitled to the resources, the trustees are virtually certain they will receive the resources and the monetary value can be measured with sufficient reliability.

Expenditure and liabilities

Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.

Fund accounting

Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets this criteria is charged to the fund.

Costs of generating funds

Costs of generating funds are those costs incurred in attracting voluntary income, or incurred in trading activities undertaken to raise funds.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Furniture and fixtures - 20% straight line Property - N/A

Cost At 1 August 2020 Additions At 31 July 2020 Depreciation At 1 August 2019 Charge for year At 31 July 2020 Net Book Value At 31 July 2019 At 31 July 2020	Property Furniture and fixtures £ £ 251,643 9,015 - 251,643 9,015 - 5,196 - 1,803 - 6,999 251,643 3,819 251,643 2,016	Totals 260,658 -
		260,658
		5,196 1,803
		6,999
		255,462
		253,659

Romanian Orthodox Church for Nottingham & East Midlands (ROCNE) Schedule to the Profit and Loss Account

For the year ended 31st July 2021

Income (see Note 1) Regular Donations One-Off Donations Cash Donations Cash Donations Spent Employment Allowance CJRS Grant Cost of Sales (see Note 2) Administrative expenses: Wages Employer NI Emloyer Pension Contributions Travel Costs Interest on Mortgage Legal Fees Utilities Donations Advertising PC Expenditure Postage and Stationery Repairs and Renewals Insurance Bank Charges Depreciation Total Administrative expenses	2021 £ 39,721 26,990 26,546 - 2,049 10,791 106,097 4,913 21,853 2,049 469 30 7,416 - 5,613 1,000 770 1,249 146 5,077 1,141 - 1,803 48,616	2020 26,297 5,687 11,226 200 - 1,600
		45,010
		1,216
		6,000 - - 45 4,951 2,808 2,407 - - - 4,069 1,140 275 1,803
		23,498

Note 1 : Most of the cash donations are banked within a week from receipt. However, cash donations are used to pay most of the expenses incurred by the church.

Note 2: Cost of sales are made of consumables which are used in the church by the prayers. Each prayer makes a small donation in exchange of this.